The Hong Kong Jockey Club is a company with liability limited by guarantee. It has no shareholders. The Club operates horse racing in Hong Kong and, as authorised by the Government, provides responsible sports wagering and lottery services. In 2023/24, after returning dividends to customers and paying betting duty and tax to the HKSAR Government, the Club donated 93% of its operating surplus after tax to The Hong Kong Jockey Club Charities Trust, which in turn donates money to charities and community projects.

The Club is governed by a 12-strong Board of Stewards, all of whom serve without remuneration. The Stewards also serve as Trustees of The Hong Kong Jockey Club Charities Trust.

Responsibility for day-to-day operational matters is vested in the Board of Management led by the Chief Executive Officer.